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Register a new userA mutually beneficial approach to electricity network pricing in the presence of large amounts of solar power and community-scale energy storage
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Electricity distribution networks that contain large photovoltaic solar systems can experience power flows between customers. These may create both technical and socio-economic challenges. This paper establishes how these challenges can be addressed through the combined deployment of Community-scale Energy Storage (CES) and local network tariffs. Our study simulates the operation of a CES under a range of local network tariff models, using current Australian electricity prices and current network prices as a reference. We assess the financial outcomes for solar and non-solar owning customers and the distribution network operator. We find that tariff settings exist that create mutual benefits for all stakeholders. Such tariffs all apply a discount of greater than 50% to energy flows within the local network, relative to regular distribution network tariffs. The policy implication of these findings is that the, historically contentious, issue of network tariff reform in the presence of local solar power generation can be resolved with a mutually beneficial arrangement of local network tariffs and CES. Furthermore, the challenge of setting appropriate tariffs is eased through clear and intuitive conditions on local network tariff pricing.
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Inter-firm organizations, which play a driving role in the economy of a country, can be represented in the form of a customer-supplier network. Such a network exhibits a heavy-tailed degree distribution, disassortative mixing and a prominent community structure. We analyze a large-scale data set of customer-supplier relationships containing data from one million Japanese firms. Using a directed network framework, we show that the production network exhibits the characteristics listed above. We conduct detailed investigations to characterize the communities in the network. The topology within smaller communities is found to be very close to a tree-like structure but becomes denser as the community size increases. A large fraction (~40%) of firms with relatively small in- or out-degrees have customers or suppliers solely from within their own communities, indicating interactions of a highly local nature. The interaction strengths between communities as measured by the inter-community link weights follow a highly heterogeneous distribution. We further present the statistically significant over-expressions of different prefectures and sectors within different communities.
Recently, chance-constrained stochastic electricity market designs have been proposed to address the shortcomings of scenario-based stochastic market designs. In particular, the use of chance-constrained market-clearing avoids trading off in-expectation and per-scenario characteristics and yields unique energy and reserves prices. However, current formulations rely on symmetric control policies based on the aggregated system imbalance, which restricts balancing reserve providers in their energy and reserve commitments. This paper extends existing chance-constrained market-clearing formulations by leveraging node-to-node and asymmetric balancing reserve policies and deriving the resulting energy and reserve prices. The proposed node-to-node policy allows for relating the remuneration of balancing reserve providers and payment of uncertain resources using a marginal cost-based approach. Further, we introduce asymmetric balancing reserve policies into the chance-constrained electricity market design and show how this additional degree of freedom affects market outcomes.
Solar Renewable Energy Certificate (SREC) markets are a market-based system that incentivizes solar energy generation. A regulatory body imposes a lower bound on the amount of energy each regulated firm must generate via solar means, providing them with a tradeable certificate for each MWh generated. Firms seek to navigate the market optimally by modulating their SREC generation and trading rates. As such, the SREC market can be viewed as a stochastic game, where agents interact through the SREC price. We study this stochastic game by solving the mean-field game (MFG) limit with sub-populations of heterogeneous agents. Market participants optimize costs accounting for trading frictions, cost of generation, non-linear non-compliance costs, and generation uncertainty. Moreover, we endogenize SREC price through market clearing. We characterize firms optimal controls as the solution of McKean-Vlasov (MV) FBSDEs and determine the equilibrium SREC price. We establish the existence and uniqueness of a solution to this MV-FBSDE, and prove that the MFG strategies form an $epsilon$-Nash equilibrium for the finite player game. Finally, we develop a numerical scheme for solving the MV-FBSDEs and conduct a simulation study.
French regulation allows consumers in low-voltage networks to form collectives to produce, share, and consume local energy under the collective self-consumption framework. A natural consequence of collectively-owned generation projects is the need to allocate production among consumers. In long-term plans, production allocation determines each of the consumers benefits of joining the collective. In the short-term, energy should be dynamically allocated to reflect operation. This paper presents a framework that integrates long and short-term planning of a collective that shares a solar plus energy storage system. In the long-term planning stage, we maximize the collectives welfare and equitably allocate expected energy to each consumer. For operation, we propose a model predictive control algorithm that minimizes short-term costs and allocates energy to each consumer on a 30-minute basis (as required by French regulation). We adjust the energy allotment ex-post operation to reflect the materialization of uncertainty. We present a case study where we showcase the framework for a 15 consumer collective.
While the use of energy storage combined with grid-scale photovoltaic power plants continues to grow, given current lithium-ion battery prices, there remains uncertainty about the profitability of these solar-plus-storage projects. At the same time, the rapid proliferation of electric vehicles is creating a fleet of millions of lithium-ion batteries that will be deemed unsuitable for the transportation industry once they reach 80 percent of their original capacity. The repurposing and deployment of these batteries as stationary energy storage provides an opportunity to reduce the cost of solar-plus-storage systems, if the economics can be proven. We present a techno-economic model of a solar-plus-second-life energy storage project in California, including a data-based model of lithium nickel manganese cobalt oxide battery degradation, to predict its capacity fade over time, and compare it to a project that uses a new lithium-ion battery. By setting certain control policy limits, to minimize cycle aging, we show that a system with SOC limits in a 65 to 15 percent range, extends the project life to over 16 years, assuming a battery reaches its end-of-life at 60 percent of its original capacity. Under these conditions, a second-life project is more economically favorable than a project that uses a new battery and 85 to 20 percent SOC limits, for second-life battery costs that are less than 80 percent of the new battery. The same system reaches break-even and profitability for second-life battery costs that are less than 60 percent of the new battery. Our model shows that using current benchmarked data for the capital and O&M costs of solar-plus-storage systems, and a semi-empirical data-based degradation model, it is possible for EV manufacturers to sell second-life batteries for less than 60 percent of their original price to developers of profitable solar-plus-storage projects.
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